Tesla Shares Plummet as Musk-Trump Alliance Blows Up

TaiwanPlus News

The political relationship between U.S. President Donald Trump and Tesla CEO Elon Musk has exploded, with both sides taking to social media to exchange insults and personal allegations.  Trump also threatened to take away Tesla's U.S. government contracts and subsidies, causing shares to fall more than 14 percent.

Transcript

00:00The once-friendly relationship between U.S. President Donald Trump and SpaceX and Tesla

00:05CEO Elon Musk appears to have suffered a sudden catastrophic failure.

00:10The two former political allies each took to social media to express grievances and

00:14trade personal insults.

00:16Musk argued that Trump would have lost the 2024 U.S. presidential election if not for

00:21his help.

00:22He also alleged that Trump's name was in the personal files of convicted child sex offender

00:26Jeffrey Epstein.

00:27In response, Trump has threatened to take away billions of U.S. dollars in government

00:32contracts and subsidies from SpaceX and Tesla.

00:35Over on Wall Street, shares of Tesla ended the trading day, down more than 14%, wiping

00:41out about $150 billion U.S. dollars in market value.

Category

Transcript

Recommended